Credit Suisse issues Esselte high-yield bond

CSFB has arranged a E150m high-yield bond for Esselte, the Swedish office supplies manufacturer, partly to refinance the firm’s 2002 acquisition by JW Childs. Part of the new funds will be used to repay the senior and mezzanine debt raised as part of the original acquisition financing. UBS is acting as joint lead manager on the bond. The seven-year bond has a yield of 7.625%.

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